Dow, SPX Notch Record Closes Following COVID-19 Vaccine News

Investors also saw former Vice President Joe Biden named president-elect on Saturday

Deputy Editor
Nov 9, 2020 at 4:30 PM
facebook X logo linkedin

After a tumultuous week embroiled in confusion surrounding the U.S. Presidential Election, which ultimately concluded with former Vice President Joe Biden being named president elect, stocks rallied to record levels today. The main driver of today's positive price action was optimistic trial data from drugmakers Pfizer (PFE) and BioNTech (BNTX), which showed a 90% efficacy rate in its COVID-19 vaccine. The Dow soared 834 points today, notching a new record-high close, and earlier traded as much as 1,600 points above fair market value. Elsewhere, the S&P 500 also reached a record, while the Nasdaq Composite underperformed slightly as "stay-at-home" stocks like Netflix (NFLX) and (AMZN) struggled.

Continue reading for more on today's market, including:

  • 2 pharma giants surged on stellar vaccine news.
  • Vaccine news also helped the travel sector, especially Delta stock.
  • Plus, plenty of reasons for Party City to rage; why D.R. Horton is attracting investors; and more on FFIV's investment buzz.

The Dow Jones Industrial Average (DJI - 29,157.97) rose 834.6 points, or 3%, for the day. American Express (AXP) surged 21.4% to lead the list of Dow winners today. Meanwhile, Home Depot (HD) paced the list of losers with a 5% drop

Meanwhile, the S&P 500 Index (SPX - 3,550.50) added 41.1 points, or 1.2%, for the day. The Nasdaq Composite (IXIC - 11,713.78) fell 181.5 points, or 1.5% for the day.

Lastly, the Cboe Volatility Index (VIX - 25.75) lost 0.9 point, or 3.6% for the day.

closing summary 1109

nyse nasdaq 1109

  1. With U.S. President-elect Joe Biden slated to take office in January, the World Health Organization (WHO) chief said he's looking forward to working with the administration. (Reuters)
  2. The coronavirus pandemic is still at the forefront of investors' minds, but additional stimulus is still a ways away.(CNBC)
  3. A third-quarter beat is enough for Party City to celebrate.
  4. One home construction stock worth paying attention to.
  5. New investment buzz is put the spotlight on F5 Networks stock.



Oil Marks Multi-Month High on Vaccine News

The recent COVID-19 vaccine news is impacting oil as well. Prices have surged in what became crude's biggest daily gain in over six months, with December-dated crude rising $3.15, or 8.5%, to $40.29 a barrel.

Gold, meanwhile, plunged, as investors dumped bullion in favor of riskier commodities, on the aforementioned vaccine news. As a result, December gold fell $97.30, or 5%, to settle at $1,854.40 an ounce for the day.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI